Author: The INO.com Team

Commodity Chart of The Week

Posted on by The INO.com Team

Each week longleaftrading.com will be providing us with a commodity chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The copper market is very sensitive to both Chinese growth statistics and US Housing numbers. Both groups have been trending in the right direction for months and that has given the copper trade a boost. Last week's US housing numbers missed, blunting a nice move off of support the prior week. It was reported last week that China's manufacturing activity in January grew at the fastest pace in two years, according to the preliminary HSBC China Manufacturing purchasing managers' index, which rose to 51.9 in January from 51.5 in December. This growth trend bodes well for China's 2013 economic outlook and it is in line with the comments from the IMF made the prior week, with respect to projected growth in China.

The fundamental forces at had set a nice backdrop for copper, but as we all know that does not amount to much if the market is not providing a way to enter a trade with a strong risk/reward profile. The technical developments in copper appear to be orderly and I will be looking to come into the copper this week based on the strong technical picture. Continue reading "Commodity Chart of The Week" →

Moving Averages Can Identify a Trade

Posted on by The INO.com Team

These 3 charts help you understand how moving averages work

By Elliott Wave International

Moving averages are a popular tool for technical traders because they can "smooth" price fluctuations in any chart. EWI Senior Analyst Jeffrey Kennedy gives a clear definition:

"A moving average is simply the average value of data over a specified time period, and it is used to figure out whether the price of a stock or commodity is trending up or down... one way to think of a moving average is that it's an automated trend line."

Moving averages are both easy to create and extraordinarily dynamic. You can choose which time frame to study as well as which data points to use (open, high, low, close or midpoint of a trading range).

Jeffrey Kennedy shares 3 of the most popular moving averages in this excerpt is from his 10-page eBook: How to Trade the Highest Probability Opportunities: Moving Averages. Continue reading "Moving Averages Can Identify a Trade" →

Stocks close mixed on uneven economic signals

Posted on by The INO.com Team

U.S. stocks meandered between small gains and losses Monday, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for the first time since December 2007. Encouraging news about manufacturing provided an early boost, but stocks fell later after a report on the pace of home sales fell short of expectations.

The government said before trading began that orders for long-lasting goods rose in December by 4.6 percent, helped by a 10 percent gain in orders for new aircraft. The report was a sign of strength for the manufacturing sector, a crucial driver of economic growth.

Heavy equipment maker Caterpillar said separately that its fourth-quarter net income exceeded analysts' expectations, after adjusting for the cost of a soured deal to buy a Chinese maker of roofing supports for mines. Caterpillar said it took a big charge in the quarter because the Chinese company had misrepresented its finances. Continue reading "Stocks close mixed on uneven economic signals" →

Today's Video Newsletter: Best January for stocks since 1997

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 28th of January.

January of 2013 turned out to be the best January since 1997. Now there are two worlds out there, one is the world of stocks, and the other one is the real world of main street. So, it's Wall Street versus main street and it looks as though stocks are going to do better on the upside based on the market itself. Whether higher stock prices translate into a better economy is another matter, but stocks look like they want to go higher.

Yahoo reports Q4 earnings after the bell. Tonight we will see if the magic of Marissa Mayer has rubbed off on Yahoo. You may remember that Marissa was a long time key executive and spokesperson for Google before joining Yahoo as CEO in 2012. We will be analyzing Yahoo (YHOO) today using our Trade Triangle technology. The question is, how can Yahoo monetize its 750,000,000 million users?

Along with Yahoo (YHOO), we will be looking at energy, precious metals, forex and the equity markets. Continue reading "Today's Video Newsletter: Best January for stocks since 1997" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 28th through Feb 1st)

If anyone is trading any markets outside of Gold, you may be interested in knowing that this week is packed full of important reports in the United States, including a continuation of earnings reports, GDP, Payrolls, ISM, and even an FOMC announcement. There will also be Consumer Confidence Reports in the US and in Europe in this week’s reports, but if this week is anything like the last, the reports will pale in comparison to the importance of the technical analysis seen in the chart below.

After a ten trading day, $70 rally in the Gold Futures, prices failed again to break $1700 four days in a row. That technical failure was just what was needed to drop the market on its head and now we begin the week at trendline support. Continue reading "Gold Chart of The Week" →